At the swing low, a nicely formed bullish engulfing bar formed on the hourly chart. Also, a bullish rounded bottom formation formed giving me a bullish signal. I got 3 confirmations 2 on price action and the MACD all 3 point to a bullish move upward
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.